ITP4INDIVIDUAL TAX PLANNING IDEAS FOR 2015

In the fluid economic environment, clients must protect their income from taxes. This course presents the most important income tax planning ideas wealthy clients and closely-held business owners need to consider in 2015 to take advantage of the present and plan for the future. It highlights areas in the income tax return that suggest future opportunities for the individual client.

Major Topics:

Review current tax proposals

Reading a tax return for developing client-specific tax strategies

Compensation and fringe benefit issues

Is the client in the right mix of investment vehicles?

Identify clients with investment income tax problems and the potential ways to reduce or eliminate them

All in the family: Tax tactics for spouses, children, and parents

What is new in health care that CPAs need to know

Learning Objectives:

Identify areas where individual taxpayers are not taking full advantage of the Code

Know the directions in which taxes are changing or are likely to change and how that affects planning

Designed For: All practitioners involved in tax planning for individuals who need to go beyond basic tax and financial planning techniquesLevel of Knowledge: IntermediatePrerequisite: Experience in individual income tax planning and income tax return preparationAdvanced Preparation: NoneCredits: 4